Updated 4-Unit
For Sale
$324,900
504 Esther Circle, Killeen, TX 76543
Four matching two-bedroom residences provide a consistent unit layout in a building with recent interior updates.
Property Size3,132 SF
Price / SF$103.74
Days on Market8
Property Features for 504 Esther Circle
General Information
Standard status
Active
Size
3,132 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
Ceiling Fan(s)
Tub Shower
Bedroom on Main Level
Building Details
Building Size
3,132 SF
Year Built
1996
Buildings
1
Units
3
Listing Agency:
Jim Wright Company
(254) 526-5117
Listed By:
Jean Augustin · License #0656143
(931) 206-2304
Source:
Bluebonnetrealty
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 29 at 6:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Wright Company
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Investment Insights
Based on property information with market context.
This 3,132-square-foot quadplex contains four units, each arranged with two bedrooms and one bathroom. The property was built in 1996, and all units have received updates within the past two years. These improvements apply throughout the building, while each residence retains the same bedroom and bath configuration.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- All units updated within the past 2 years
- 3,132 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,070
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,400
$541.4K
Cap Rate 7%
$386,714
$386.7K
Cap Rate 9%
$300,778
$300.8K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$41.3K $13.20/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$38.7K $12.35/SF
− OpEx
−$11.6K −$3.70/SF
NOI
$27.1K $8.64/SF
Area
Killeen, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,400
Cap Rate 7%
$386,714
Cap Rate 9%
$300,778
Alternative Uses
Best Use
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,070 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.4K
NOI $25,045 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$752.3K
$658.3K – $877.7K
NOI $52,660 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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Business Placement
Demographics for 76543, TX
30,545
Population
15,300
Households
2
Avg Household Size
30
Median Age
15%
College-Educated
91%
High-School Grad
35.6 sq mi
ZIP Area
858
Density / Sq Mi
$51,239
Median Household Income
$31,712
Median Earnings
$1,099
Median Rent
$140,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom residences provide a consistent unit layout in a building with recent interior updates.
Where is this quadplex located?
The property is located at 504 Esther Circle Killeen, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; All units updated within the past 2 years; 3,132 square feet
